Published Aug. 31, 2021
By Robert Walton
- Electric panels in up to 48 million U.S. single-family homes will need to be upgraded to fully transition away from fossil fuels and use electricity for space and water heating, cooking, vehicle charging and other applications, according to new research from residential electricity research group Pecan Street.
- With an average cost of $2,000 for an upgraded panel, that represents a nearly “$100 billion impediment to residential electrification,” the group said in a report issued Aug. 23.
- It is also an energy transition equity issue, with lower-income customers often unable to make that investment. But utilities can play a role in helping make upgrades possible through rebates or incentives, said Pecan Street CEO Suzanne Russo.